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Posts on ‘March 15th, 2012’

Shell’s Labor Costs Rose In 2011 Despite Fewer Workers

Published March 15, 2012: Dow Jones Newswires LONDON –  The cost of Royal Dutch Shell PLC’s global work force rose 2.8% last year, even though the Anglo-Dutch company reduced its overall number of employees by some 7.2% as the company continues to roll out a long-term plan to shrink headcount. In recent years, Shell has […]

£10.1m is Shell of a pay packet for oil giant’s boss

By STEVE HAWKES, Business Editor Published: Today at 13:41 THE BOSS of SHELL trousered £10.1million last year – and didn’t spend a penny on petrol. The oil giant’s annual report today revealed chief executive Peter Voser made a fortune in bonuses and long-term share awards. Benefits included “company provided transport for home-to-office commuting”. It came […]

Shell Oil picks Pittsburgh-area site for multi-billion-dollar petrochemical refinery

By Associated Press, Updated: Thursday, March 15, 6:24 PM PITTSBURGH — Shell Oil Co. has chosen a site near Pittsburgh for a major, multi-billion-dollar petrochemical refinery that could provide a huge economic boost to the region. Dan Carlson, Shell’s General Manager of New Business Development, said Thursday that the company signed a land option agreement with Horsehead […]

Pay of Shell chief more than doubles

FINANCIAL TIMES By Sylvia Pfeifer March 15, 2012 6:00 pm Peter Voser, chief executive of Royal Dutch Shell, Europe’s largest oil and gas company by market capitalisation, took home €11.7m last year, more than double his pay in the previous 12 months… Shell also disclosed that Malcolm Brinded, who will step down as head of […]

PIGS AT THE TROUGH: PETER, MALCOLM AND SIMON

Shell admits 207 oil spills in 2011

Anglo-Dutch group is still investigating a further four spills in Nigeria that it admits may raise the 2011 total Terry Macalister guardian.co.uk, Thursday 15 March 2012 14.17 GMT Shell has revealed that its global oil spill record got worse over the last year with 207 sizeable incidents in 2011. The revelations in the company’s annual […]

Shell CEO Voser’s Compensation More Than Doubles on Awards

By Fred Pals on March 15, 2012 Royal Dutch Shell Plc (RDSA) Chief Executive Officer Peter Voser’s compensation more than doubled to 11.7 million euros ($15.3 million) in 2011 from the previous year after long-term incentive bonuses and awards were vested. Voser’s total compensation included 6.5 million euros in awards that form part of Shell’s […]

Shell management see pay double to $86m

Directors and senior management at Anglo/Dutch oil giant Royal Dutch Shell saw their total pay ore than double in 2011 to $85.7m (£54.7m). By Jonathan Russell, Assistant City Editor: 11:44AM GMT 15 Mar 2012 The company put the jump down to the “high performance gearing” in its remuneration package. Total pay jumped from $42.3m to […]

Shell chief’s pay soars to £10m ($15.6 million)

Russell Lynch 15 March 2012 Royal Dutch Shell chief executive Peter Voser saw his total pay packet more than double in 2011, a year when shareholders in the oil super-major had to make do with flat dividend payouts. The blue-chip’s annual report showed Voser’s total compensation last year hit €11.6 million (£10.1 million), boosted by […]

Shell says being sued for causing climate change

Thu Mar 15, 2012 8:07am GMT By Tom Bergin LONDON, March 15 (Reuters) – Oil giant Royal Dutch Shell Plc said it was being sued for causing climate change, suggesting recent court set-backs for environmentalists had not put an end to global warming lawsuits. The Anglo-Dutch group said in its annual report, published on Thursday, […]

Dogs take lead in sniffing out Arctic oil

As the study itself notes: “Today, no proven operational system exists for detecting oil spill covered by snow and/or ice … “The idea that small dogs can track leaking oil deep under the Arctic pack ice in the middle of winter is absurd,”… Shell has been training a dachshund and two border collies to detect […]